Investing in the Peace: Economic Interdependence and International Conflict
Abstract
Research appears to substantiate the liberal conviction that tradefosters global peace. Still, existing understanding of linkages betweenconflict and international economics is limited in at least two ways.First, cross-border economic relationships are far broader than justtrade. Global capital markets dwarf the exchange of goods and services,and states engage in varying degrees of monetary policy coordination.Second, the manner in which economics is said to inhibit conflictbehavior is implausible in light of new analytical insights about thecauses of war. We discuss, and then demonstrate formally, howinterdependence can influence states recourse to military violence. Therisk of disrupting economic linkages particularly access tocapital mayoccasionally deter minor contests between interdependent states, butsuch opportunity costs will typically fail to preclude militarizeddisputes. Instead, interdependence offers nonmilitarized avenues forcommunicating resolve through costly signaling. Our quantitative resultsshow that capital interdependence contributes to peace independent ofthe effects of trade, democracy, interest, and other variables.Download Info
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Article provided by Cambridge University Press in its journal International Organization.
Volume (Year): 55 (2001)
Issue (Month): 02 (March)
Pages: 391-438
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Shoro Armstrong, 2010.
"Interaction Between Trade, Conflict And Cooperation: The Case Of Japan And China,"
Asia Pacific Economic Papers
386, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
- Shiro Armstrong, 2010. "Interaction between trade, conflict and cooperation : the case of Japan and China," Trade Working Papers 22766, East Asian Bureau of Economic Research.
- Robst, John & Polachek, Solomon & Chang, Yuan-Ching, 2006. "Geographic Proximity, Trade and International Conflict/Cooperation," IZA Discussion Papers 1988, Institute for the Study of Labor (IZA).
- Rodolphe Desbordes & Vincent Vicard, 2007.
"Foreign direct investment and bilateral investment treaties, an international political perspective,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
halshs-00176051, HAL.
- Desbordes, Rodolphe & Vicard, Vincent, 2009. "Foreign direct investment and bilateral investment treaties: An international political perspective," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 372-386, September.
- Rodolphe Desbordes & Vincent Vicard, 2007. "Foreign Direct Investment and Bilateral Investment Treaties an International Political Perspective," Documents de travail du Centre d'Economie de la Sorbonne bla07045, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Leslie Wehner, 2009. "Power, Governance, and Ideas in Chile’s Free Trade Agreement Policy," GIGA Working Paper Series 102, GIGA German Institute of Global and Area Studies.
- Dominic Rohner, 2008.
"Reputation, Group Structure and Social Tensions,"
HiCN Working Papers
40, Households in Conflict Network.
- Rohner, Dominic, 2011. "Reputation, group structure and social tensions," Journal of Development Economics, Elsevier, vol. 96(2), pages 188-199, November.
- Chang, Yuan-Ching & Polachek, Solomon W. & Robst, John, 2004. "Conflict and trade: the relationship between geographic distance and international interactions," The Journal of Socio-Economics, Elsevier, vol. 33(4), pages 491-509, September.
- Vincent Vicard, 2006.
"Trade, Conflicts, and Political Integration: the Regional Interplays,"
CESifo Working Paper Series
1839, CESifo Group Munich.
- Vincent Vicard, 2008. "Trade, conflicts and political integration : explaining the heterogeneity of regional trade agreements," Documents de travail du Centre d'Economie de la Sorbonne bla08022, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Rohner, D., 2006. "Information, Reputation and Ethnic Conflict," Cambridge Working Papers in Economics 0658, Faculty of Economics, University of Cambridge.
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